Stellantis Correlations
| STLA Stock | USD 24.74 0.14 0.57% |
The correlation of Stellantis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stellantis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stellantis NV moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Poor diversification
The correlation between Stellantis NV and NYA is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stellantis NV and NYA in the same portfolio, assuming nothing else is changed.
Stellantis |
The ability to find closely correlated positions to Stellantis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stellantis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Stellantis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Stellantis NV to buy it.
Moving together with Stellantis Stock
| 0.7 | F | Ford Motor Financial Report 7th of May 2024 | PairCorr |
| 0.72 | DORM | Dorman Products Financial Report 7th of May 2024 | PairCorr |
| 0.91 | ALV | Autoliv | PairCorr |
| 0.76 | LEA | Lear | PairCorr |
| 0.77 | GNTX | Gentex | PairCorr |
| 0.65 | M | Macys Inc Financial Report 6th of June 2024 | PairCorr |
| 0.7 | AN | AutoNation | PairCorr |
| 0.76 | BH | Biglari Holdings Earnings Call This Week | PairCorr |
Moving against Stellantis Stock
| 0.77 | AAN | Aarons | PairCorr |
| 0.72 | DAN | Dana Inc Earnings Call This Week | PairCorr |
| 0.69 | AXL | American Axle Manufa Earnings Call This Week | PairCorr |
| 0.69 | VUZI | Vuzix Corp Cmn Financial Report 8th of May 2024 | PairCorr |
| 0.63 | FOXF | Fox Factory Holding Earnings Call This Week | PairCorr |
| 0.44 | MPAA | Motorcar Parts Financial Report 11th of June 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Stellantis Stock performing well and Stellantis Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Stellantis' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| POAHY | 1.01 | 0.10 | 0.01 | (1.99) | 1.23 | 2.25 | 8.05 | |||
| TM | 1.28 | 0.12 | 0.07 | 0.22 | 1.37 | 2.28 | 11.58 | |||
| HMC | 0.92 | 0.00 | (0.01) | 0.08 | 1.15 | 2.29 | 5.29 | |||
| GM | 1.16 | 0.33 | 0.25 | 0.36 | 0.95 | 3.23 | 11.09 | |||
| RACE | 1.34 | 0.23 | 0.19 | 0.20 | 1.12 | 2.66 | 15.40 | |||
| F | 1.58 | 0.10 | 0.10 | 0.12 | 1.63 | 4.88 | 9.61 | |||
| RIVN | 3.49 | (0.82) | 0.00 | (0.36) | 0.00 | 6.10 | 31.80 | |||
| LCID | 3.25 | (0.26) | 0.00 | (0.04) | 0.00 | 5.88 | 43.93 | |||
| XPEV | 3.28 | (0.32) | 0.00 | (0.08) | 0.00 | 8.02 | 21.48 | |||
| NSANY | 1.30 | (0.02) | (0.02) | 0.03 | 2.28 | 2.74 | 8.70 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Stellantis without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
| All Next | Launch Module |
Stellantis Corporate Management
Elected by the shareholders, the Stellantis' board of directors comprises two types of representatives: Stellantis inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Stellantis. The board's role is to monitor Stellantis' management team and ensure that shareholders' interests are well served. Stellantis' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Stellantis' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bertrand Blaise | Chief Officer | Profile | |
| Michael Manley | Head of Americas | Profile | |
| Wan Martello | Non-Executive Independent Director | Profile | |
| Thierry Koskas | Chief Officer | Profile | |
| Giorgio Fossati | General Counsel | Profile |
Already Invested in Stellantis NV?
The danger of trading Stellantis NV is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Stellantis is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Stellantis. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Stellantis NV is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Stellantis NV offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Stellantis' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Stellantis Nv Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Stellantis Nv Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stellantis NV. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Stellantis Stock analysis
When running Stellantis' price analysis, check to measure Stellantis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Stellantis is operating at the current time. Most of Stellantis' value examination focuses on studying past and present price action to predict the probability of Stellantis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stellantis' price. Additionally, you may evaluate how the addition of Stellantis to your portfolios can decrease your overall portfolio volatility.
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Is Stellantis' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Stellantis. If investors know Stellantis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Stellantis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Dividend Share 1.55 | Earnings Share 6.37 | Revenue Per Share 60.991 | Quarterly Revenue Growth (0.01) |
The market value of Stellantis NV is measured differently than its book value, which is the value of Stellantis that is recorded on the company's balance sheet. Investors also form their own opinion of Stellantis' value that differs from its market value or its book value, called intrinsic value, which is Stellantis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Stellantis' market value can be influenced by many factors that don't directly affect Stellantis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Stellantis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Stellantis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stellantis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.